Reserve Primary Fund
From Taighde
Reserve Primary Fund is a currency market fund.
The China Investment Corporation invested $5.4 billion in the fund but pulled out on September 18, 2008, days before the Fund was forced to stop trading due to the losses from the collapse of Lehman Brothers. As a result, the CIC will be able to receive most of their investments. As of March 2009, they have received 60% of their total investment. Jesse Wang, CIC's risk officer, believes they will receive almost all of their investment with just a small lost. The CIC confirmed in September 2010 that they had received their entire stake back.[1]
The stake was held using a subsidiary, Stable Investment Corp.
